Ozderici Gayrimenkul Yatirim Ortakligi Stock Forecast
Stronger technical forecast for Ozderici Gayrimenkul Yatirim Ortakligi stock price after Monday trading.
(Updated on Apr 22, 2024)
The Ozderici Gayrimenkul Yatirim Ortakligi stock price gained 3.23% on the last trading day (Monday, 22nd Apr 2024), rising from TRY 5.58 to TRY 5.76. During the last trading day the stock fluctuated 4.63% from a day low at TRY 5.62 to a day high of TRY 5.88. The price has risen in 6 of the last 10 days and is up by 14.74% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately TRY 24.98 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.62% during the next 3 months and, with a 90% probability hold a price between TRY 4.35 and TRY 5.95 at the end of this 3-month period.
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OZGYO.IS Signals & Forecast
Mostly positive signals in the chart today. The Ozderici Gayrimenkul Yatirim Ortakligi stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at TRY 5.60 and TRY 5.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 14.97%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Ozderici Gayrimenkul Yatirim Ortakligi stock
Ozderici Gayrimenkul Yatirim Ortakligi finds support from accumulated volume at TRY 5.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved TRY 0.260 between high and low, or 4.63%. For the last week, the stock has had daily average volatility of 3.59%.
Our recommended stop-loss: TRY 5.55 (-3.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (OZGYO.IS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Ozderici Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 5.75, and during the day (based on 14 day Average True Range), to move between TRY 5.52 and TRY 6.00, which gives a possible trading interval of +/-TRY 0.235 (+/-4.09%) up or down from last closing price. If Ozderici Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 8.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at TRY 5.54 (3.82%) than the resistance at TRY 6.09 (5.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ozderici Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.235 Buy Candidate Upgraded
Predicted Opening Price for Ozderici Gayrimenkul Yatirim Ortakligi A.S. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| TRY 5.75 ( 0.116%) | TRY 5.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OZGYO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.01 | 4.40 % | |
| R2 | 5.91 | 2.67 % | ||
| R1 | 5.85 | 1.61 % | ||
| Current price: | 5.76 | |||
| Support | S1 | 5.65 | -1.84 % | |
| S2 | 5.59 | -2.91 % | ||
| S3 | 5.49 | -4.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.15 | 24.13 % | |
| R2 | 6.60 | 14.58 % | ||
| R1 | 6.09 | 5.73 % | ||
| Current price | 5.76 | |||
| Support | S1 | 5.54 | -3.82% | |
| S2 | 5.20 | -9.72% | ||
| S3 | 5.10 | -11.46% |
FAQ
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